The Simple Reason Why 'sell In May' Is Terrible Advice (spy, Spx)

aoyedele@businessinsider.com (Akin Oyedele), Business Insider
Sun, 05/01/2016 - 5:20am

Reuters/Stefan WermuthMay is here. And so of course we will now hear the old "sell in May and go away" cliche in markets a lot more often. Liz Ann Sonders, chief investment strategist at Charles Schwab, laid out the data underlying this saying in a post earlier this week: for the last half century, nearly all of the S&P 500's gains have happened between October and April. Sonders noted that the mean return from May to October was 1.3%. From November to April, however, the market has returned 7.1%, on average. And so returns during the summer are weak, not negative.

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The Simple Reason Why 'sell In May' Is Terrible Advice (spy, Spx)

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